Introduction

• Overview of key global indicators
• Data from World Bank (2022)
• Analysis of GDP per capita, unemployment rate, and education expenditure

Summary Statistics

(217, 14)
       country  inflation_rate  exports_gdp_share  gdp_growth_rate  \
0  Afghanistan             NaN          18.380042        -6.240172   
1      Albania        6.725203          37.197085         4.826688   
2      Algeria        9.265516          30.808979         3.600000   

   gdp_per_capita  adult_literacy_rate  primary_school_enrolment_rate  \
0      357.261153                  NaN                            NaN   
1     6846.426143                 98.5                      96.371231   
2     4961.552577                  NaN                     108.343933   

   education_expenditure_gdp_share  measles_immunisation_rate  \
0                              NaN                       56.0   
1                         2.744330                       86.0   
2                         4.749247                       79.0   

   health_expenditure_gdp_share  income_inequality  unemployment_rate  \
0                           NaN                NaN             14.100   
1                           NaN                NaN             10.137   
2                           NaN                NaN             12.346   

   life_expectancy  total_population  
0           62.879        40578842.0  
1           76.833         2777689.0  
2           77.129        45477389.0  

Exploratory Data Analysis

The summary statistics provide insights into the range, mean, and distribution of the selected indicators: - GDP per Capita: The values vary significantly across countries, indicating large economic disparities. - Unemployment Rate: The variation in unemployment rates across countries may highlight differences in labor market conditions. - Education Expenditure (as % of GDP): This indicator shows how much countries invest in education relative to their GDP.

GDP Per Capita

The histogram (Figure ?@fig-gdp) shows that GDP per capita is right-skewed, meaning a few countries have exceptionally high GDP per capita, while most have lower values. The kernel density estimate (KDE) highlights the peak distribution.Economic inequality is evident.

Unemployment Rate

The box plot (Figure ?@fig-unemployment) shows the variation in unemployment rates among countries. Some nations experience very low unemployment, while others have significantly high rates, suggesting diverse economic conditions.

Education Expenditure vs. GDP Per Capita

The scatter plot (Figure ?@fig-education) suggests whether wealthier countries invest a larger proportion of their GDP in education. A weak or strong correlation could reveal trends in educational funding relative to economic status.

Conclusion

• Economic disparities impact education and employment.
• Policies should address income inequality and investment in education.
• Further research is needed to assess long-term trends.

Overall, this analysis highlights economic disparities, labor market conditions, and investment in education, providing insight into global development patterns.

References